BREAKING: Obama Authorizes Sanctions Against Russia’s Crimea

US President Barack Obama has authorized sanctions against individuals and entities operating in Russia’s Crimean peninsula, the White House said in a statement.

Obama has issued an executive order that “prohibits the export of goods, technology, or services to Crimea and prohibits the import of goods, technology, or services from Crimea, as well as new investments in Crimea,” according to the statement.

The executive order also authorizes the Secretary of the Treasury to impose sanctions on “individuals and entities operating in Crimea.”